Chinese Firms have Invested $16B in Nigerian Telecom Sector - Minister
Quote from Ndubuisi Ekekwe on July 4, 2018, 6:55 AMThis is a huge number: Chinese firms have invested $16 billion in the Nigerian telecom sector. We need to continue to deepen our cooperation with China. That nation has money to invest.
On his part, Minister of Communication, Adebayo Shittu said Nigeria’s revolution in the ICT sector accounts for well over $32 billion in foreign direct investment over the last 15 years. Shittu observed that as part of that ICT ecosystem, Chinese companies have invested over $16 billion to date in fixed assets and facilities nationwide to build and support most network operators in the country.He added that such investments in infrastructure have created an ICT backbone that powers various critical sectors of the economy such as Banking, E-commerce, Insurance, and Oil & Gas.
Meanwhile, Nigeria needs to put efforts to manage its eWaste as we continue to generate tons of them. Two things contribute to this issue: we buy used electronics and we acquire low quality products. The result is that though we do not produce these products, we have many to throw away at the end.
..., only a handful of countries in the continent[Africa] have enacted e-waste-specific policies and legislation. The eWaste Monitor said the African continent hosts the least number of direct manufacturers of Electronics and Electrical Enginerings (EEEs), yet it carries a significant burden of contribution to the global e-waste problem, generating about 2.2 Mt yearly from domestic output.
This is a huge number: Chinese firms have invested $16 billion in the Nigerian telecom sector. We need to continue to deepen our cooperation with China. That nation has money to invest.
On his part, Minister of Communication, Adebayo Shittu said Nigeria’s revolution in the ICT sector accounts for well over $32 billion in foreign direct investment over the last 15 years. Shittu observed that as part of that ICT ecosystem, Chinese companies have invested over $16 billion to date in fixed assets and facilities nationwide to build and support most network operators in the country.He added that such investments in infrastructure have created an ICT backbone that powers various critical sectors of the economy such as Banking, E-commerce, Insurance, and Oil & Gas.
Meanwhile, Nigeria needs to put efforts to manage its eWaste as we continue to generate tons of them. Two things contribute to this issue: we buy used electronics and we acquire low quality products. The result is that though we do not produce these products, we have many to throw away at the end.
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..., only a handful of countries in the continent[Africa] have enacted e-waste-specific policies and legislation. The eWaste Monitor said the African continent hosts the least number of direct manufacturers of Electronics and Electrical Enginerings (EEEs), yet it carries a significant burden of contribution to the global e-waste problem, generating about 2.2 Mt yearly from domestic output.